8734 - 8736 Burnet, North Hills, CA 91343
- $4,100,000
- Sold Price
- $4,100,000
- List Price
- $3,950,000
- Closing Date
- Sep 15, 2026
- Status
- CLOSED
- MLS#
- AR26104036
- Year Built
- 1990
- Lot Size
- 24,216
- Acres
- 0.56
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 31
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Townhouse
- Stories
- Three Or More Levels
Property Description
Property was built in 1990 as 20 Units Tri-level Townhouses with sub-division in place. Homeowner's Association was called 8734 Burnet HOA. Upon Seller's purchase of all units in 2008, property has been managed under one ownership as rental income units. Buyer to verify with the City, Franchise Tax Board and other appropriate agencies for the possibility of reactivating the HOA. (8) 3-Bedrms/2.5-baths, (12) 2-Bedrms/2.5-baths and all with attached 2-car garage directly accessible to its own unit. Large unit sized 1040 sqft for 2-Bdrms and 1380~1530 sqft for 3-Bdrms. Current rental income is on the lower side, however, the five (5) vacant units may bring higher rental income. All electrical panels have been replaced. Each tenant pays its own electricity and gas. There are two water meters. Priced for quick sale at $3,950,000 Total and $197,500 per unit is a rare opportunity for investment. Seller reserve the option for 1031 Exchange, and will make known to Buyers upon receiving offers. Do not miss this one!
Additional Information
- Pool Description
- None
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Flat
- Garage Spaces Total
- 40
- Sewer
- Public Sewer
- Water
- See Remarks
- Interior Features
- Balcony
- Attached Structure
- Attached
- Number Of Units Total
- 20
Listing courtesy of Listing Agent: Ching Sze Louie (chinglouie@gmail.com) from Listing Office: Louie Properties, Inc..
Listing sold by Glen Scher from Marcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.